First Marblehead Corp. v. House

MEMORANDUM AND ORDER

SARIS, District Judge.

I. INTRODUCTION

This dispute arises out of defendant Gregory House’s attempt to exercise stock options granted to him by his employer, plaintiff First Marblehead Corporation. First Marblehead asserts that House’s options expired three months after he left First Marblehead, while House contends that the options have a ten-year duration. First Marblehead moves for summary judgment on all claims and counterclaims. After hearing and review of the briefs, the motion is ALLOWED.

II. FACTUAL BACKGROUND

When all reasonable inferences are drawn in favor of the…